rob dawg has long been pushing the idea of pricing squish down, I think we will see this more so here than any other area.
we’re not just talking $1 or $1.5 million homes here. there’s tons of $2 million plus properties here all pretty much empty. as these squish down to the low $1 million, the $1.5 million ones will occupy the $800-$900k realm. with the $1 million homes coming down to $700k.
someone just mentioned stonebridge, very likely to see stonebridge homes into the 700k range. I asked the sales lady at shea about fire prevention, she proudly mentions that each home has a sprinkler system. as for shelter in place and buffer from the fuel that surrounds stonebridge, forget about it.
